Gexa Issues Correction to Shareholder Merger Information Provided in Toll Free Number
June 06 2005 - 5:08PM
Business Wire
Gexa Corp. (Nasdaq:GEXA), a leading Texas retail electricity
provider, today announced the following statement. In connection
with our proposed merger with an indirect wholly-owned subsidiary
of FPL Group, Inc. ("FPL Group"), Gexa has recently discovered that
shareholders calling Gexa's toll free number related to the merger
may have received erroneous information regarding the 10-day
average FPL Group common stock closing price and preliminary
calculations of the amount of FPL Group common stock to be received
by such shareholders in the merger. Gexa promptly corrected the
erroneous information available through the toll free number.
Shareholders are advised to contact the toll free number at
877-229-9284 to update or correct any information they may have
previously received through Gexa's toll free line. About Gexa
Corp.: Gexa Corp. (d/b/a Gexa Energy) is a retail electricity
provider currently serving residential and commercial customers in
Texas and Massachusetts. The Company offers customers in
restructured retail energy markets competitive prices, pricing
choices, and customer friendly service. Forward-Looking Statements:
This press release includes "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
All statements other than statements of historical fact are
forward-looking statements. Forward-looking statements are subject
to certain risks, trends and uncertainties that could cause actual
results to differ materially from those projected. Among those
risks, trends and uncertainties are our estimate of the sufficiency
of existing capital sources, our ability to raise additional
capital to fund future operations, our assumptions regarding the
competitive restructuring and deregulation of the electricity
market, our competition from utility companies, our dependence on
the services of certain key personnel and our ability to manage our
growth successfully. In particular, careful consideration should be
given to cautionary statements made in the various reports Gexa
Corp. files with the Securities and Exchange Commission. The
Company undertakes no duty to update or revise these
forward-looking statements. Additional Information on Transaction:
FPL Group has filed a registration statement on Form S-4 (File No.
333-124438), including a proxy statement of Gexa Corp. ("Gexa") and
FPL Group's prospectus and other relevant documents with the
Securities and Exchange Commission ("SEC") concerning the proposed
transaction. You are urged to read the registration statement
containing the proxy statement/prospectus (including all amendments
and supplements) and any other relevant documents filed or that
will be filed with the SEC because they contain or will contain
important information about FPL Group, GEXA and the proposed
transaction. You may obtain the registration statement containing
the proxy statement/prospectus and the other documents, as well as
other filings containing information about FPL Group and Gexa, free
of charge at the SEC's web site, www.sec.gov. In addition, they may
also be obtained for free from FPL Group by directing a request to
FPL Group, Inc. 700 Universe Blvd., Juno Beach, Florida, 33408,
Attention: Investor Relations and from GEXA by directing a request
to GEXA Corp., 20 Greenway Plaza, Suite 600, Houston, Texas, 77046,
Attention: Dave Holeman. FPL Group, GEXA and their respective
directors and executive officers and other members of management
and employees, may be deemed to be participants in the solicitation
of proxies from the stockholders of GEXA in connection with the
transaction. Information about the direct or indirect interests of
FPL Group is set forth in its report on Schedule 13D filed with the
SEC. Information about the directors and executive officers of FPL
Group is set forth in its proxy statement for its 2005 annual
meeting of shareholders and its annual report on Form 10-K for the
fiscal year ended 2004 and information about the directors and
executive officers of GEXA and their ownership of GEXA stock is set
forth in the report on Form 10-K/A of GEXA filed April 29, 2005,
the ownership reports of such persons on Schedule 13D and Forms 3
and 4 filed with the SEC and in the registration statement and the
proxy statement/prospectus. You may obtain additional information
regarding the interests of such potential participants by reading
the proxy statement/prospectus and other relevant documents filed
with the SEC.
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